Latest Economic growth News

Europe's new central bank chief faces slow growth, dissent

Dec. 10, 2019 11:48 AM EST

FRANKFURT, Germany (AP) — Mario Draghi took over as head of the European Central Bank eight years ago amid market speculation that the euro currency union might break up. Christine Lagarde succeeds him with more breathing room - but facing serious challenges from a weak economy, policy differences among...

Fed is likely to reinforce a message of continued low rates

Dec. 9, 2019 2:42 PM EST

WASHINGTON (AP) — The Federal Reserve is expected to send a clear message when its latest policy meeting ends Wednesday: Interest rates will likely stay ultra-low for the foreseeable future. Behind that message is a view that has gained support at the Fed as the U.S. economic expansion has entered a record...

Ex-Fed Chair Volcker dies, tamed inflation with recession

Dec. 9, 2019 12:49 PM EST

Paul Volcker, who as Federal Reserve chairman in the early 1980s elevated interest rates to historic highs and triggered a recession as the price of quashing double-digit inflation, has died, according to his office. He was 92. Volcker took charge of the Fed in August 1979, when the U.S. economy was in the grip...

Business economists see US slowing but avoiding recession

Dec. 9, 2019 9:47 AM EST

Washington (AP) — The nation’s business economists expect U.S. economic growth to decelerate this year and next but for the economy to avoid stumbling into recession, extending a record-breaking expansion already in its 11th year. The latest survey by 53 forecasters with the National Association for...

Japan economy marks 4th straight quarter of expansion

Dec. 8, 2019 11:55 PM EST

TOKYO (AP) — Japan's economy expanded at a faster than earlier estimated annual rate of 1.8% in July-September, powered by stronger consumer purchases and corporate investment ahead of an Oct. 1 tax hike. However that tax increase is expected to hurt growth in coming months. The data issued Monday were a...

STORY REMOVED: AP-NABE Economic Outlook

Dec. 8, 2019 4:12 PM EST
WASHINGTON (AP) — The Associated Press has withdrawn its story about the United States' economic outlook because the report has an embargo of 12:01 a.m. Monday, Dec. 9. AP will resend the story when the embargo has lifted.

Q&A: Does a manufacturing slump threaten the US economy?

Dec. 7, 2019 10:52 AM EST

WASHINGTON (AP) — Defying fears and predictions, the U.S. economy is still shrugging off President Donald Trump’s trade conflicts. Employers added a sizzling 266,000 jobs in November, and unemployment matched a 50-year low of 3.5% — all while the Trump administration is waging a bruising...

US firms keep hiring, easing worries of weakening economy

Dec. 6, 2019 5:45 PM EST

WASHINGTON (AP) — American businesses have complained for years that they can’t find the workers they need to fill available jobs. November’s robust hiring gain suggests that at least some have found a way to do so. With the unemployment rate now at a half-century low of 3.5%, many economists...

Markets Right Now: Hiring gains send stock indexes higher

Dec. 6, 2019 4:12 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Major stock indexes are ending a choppy week with solid gains after the government reported that hiring in the U.S. jumped last month to the highest level since January. Companies that stand to benefit the most from a...

Former Indian finance minister protests economic policies

Dec. 5, 2019 2:57 AM EST

NEW DELHI (AP) — A former Indian finance minister just released on bail in a bribery case joined a protest Thursday of the government’s economic policies, which are being blamed for India’s slowest economic growth in six years. Former Finance Minister P. Chidambaram said the lower growth rate...